Schwab Charles Investment Management Inc. grew its holdings in Alexander’s, Inc. (NYSE:ALX) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,683 shares of the real estate investment trust’s stock after purchasing an additional 476 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.37% of Alexander’s worth $7,875,000 at the end of the most recent reporting period.
Separately, Russell Investments Group Ltd. lifted its stake in Alexander’s by 77.0% in the second quarter. Russell Investments Group Ltd. now owns 1,377 shares of the real estate investment trust’s stock worth $580,000 after acquiring an additional 599 shares during the last quarter. Institutional investors and hedge funds own 35.95% of the company’s stock.
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Shares of Alexander’s, Inc. (NYSE ALX) opened at 428.84 on Monday. The firm has a market cap of $2.19 billion, a PE ratio of 25.80 and a beta of 0.67. Alexander’s, Inc. has a 12-month low of $369.33 and a 12-month high of $451.99. The firm’s 50-day moving average is $424.19 and its 200-day moving average is $423.85.
Alexander’s (NYSE:ALX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.11). The firm had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. Equities analysts expect that Alexander’s, Inc. will post $23.23 earnings per share for the current fiscal year.
Separately, BidaskClub downgraded shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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